First Time Homebuyers take Advantage of Incentive

Results are in and looks like First-Time Homebuyers are responding well to the $8,000 federal stimulus first-time buyer tax credit. Many First Time Homebuyers are taking advantage of the Foreclosures and Low prices and we are seeing an increase in activity with multiple offers on many properties. This is a great opportunity for many First Time Homebuyers were it is the first time they have been able to enter the housing market. Mortgage applications rose in synch with the 5 percent increase in buyer activity. The numbers are telling us that half the homes sold in February are the result of first-time homebuyers.

If you would like more information on the $8,000 First Time Homebuyer Credit please go to my website. www.HomesByLoriHuckle.com